PGIM Broad Market U.S. HY Bond A Cap $

The Fund aims to achieve a return through a combination of current income and capital appreciation while preserving invested capital through investment. There can be no assurance that the investment objective will be achieved. The Fund will use a relative value, fundamental credit approach to select opportunities in the U.S. high yield bond market. The relative value approach involves looking at the fundamental credit ranking and the yield and yield expectation of issuers to assess which investment offers the best risk-adjusted return.{{return}}{{return}}The Fund refers to the Bloomberg US High-Yield 1% Issuer Capped Index as its benchmark (the "Benchmark"). While the Fund is actively managed, the Benchmark will be used for risk management purposes and performance comparison purposes.{{return}}{{return}}The Fund seeks to achieve its objective by investing in a diversified portfolio consisting primarily of high yield bonds that are originated in the U.S. corporate bond markets. These bonds will largely be a mix of fixed and floating rate instruments rated below investment grade and which are listed or traded on regulated markets globally. Bonds may be payable as to principal and interest in U.S. Dollars, Euros or Sterling.{{return}}{{return}}The Fund's investments may include all types of bond instruments and loan participations, senior secured and unsecured debt instruments, second lien, mezzanine and subordinated capital and preferred stock issued in the U.S. high yield markets. Investments in asset-backed securities, mortgage-backed securities and collateralised loan obligations are prohibited.{{return}}{{return}}The Fund may also use, for investment, risk management or hedging purposes (with the exception of forward foreign currency contracts, which may be used for hedging purposes only), derivative transactions (credit default swaps, total return swaps, interest rate swaps, equity index futures, forward foreign currency contracts, currency options and options on

PIR compliant

No

PEA compliant

No

PEA-PME compliant

No